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SB 741

Enacted
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Financial Institutions and Activities - Virtual Currency Kiosks - Alterations

Sponsor: Pamela Beidle (District 32)Committee: FinanceSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 417 (as of Sep 4, 2026)

What this bill does

Official synopsis

Altering the definition of 'virtual currency kiosk operator' to include a person who installs or operates certain software that enables a certain device to provide certain virtual currency services; altering the definition of 'virtual currency services' to exclude the accepting or dispensing of cash in connection with a credit, deposit, or convenience account; and clarifying that a virtual currency kiosk operator shall ensure the kiosk does not offer the same services as an automated teller machine.

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Testimony (10)

MGA witness list
FAV 10Favorable
PositionWitnessOrganizationTestimony
FAVWestrick, SaralobbyistAARP MarylandOral + Written (PDF)
FAVWestrick, SaralobbyistAARP MarylandOral + Written (PDF)
FAVHyland, KathleenMaryland Office of Financial RegulationOral
FAVHennen, AmyOffice of Financial Regulation, Maryland Department of LaborWritten (PDF)
FAVHennen, AmyOffice of Financial Regulation, Maryland Department of LaborWritten (PDF)
FAVSalazar, AntonioOffice of the Commissioner of Financial RegulationOral
FAVBeidle, PamelaIndividualWritten (PDF)
FAVBeidle, PamelaIndividualWritten (PDF)
FAVSenator Beidle, Senator BeidlelegislatorIndividualOral
FAVSenator Beidle, Senator BeidlelegislatorIndividualOral

Organizations on record

Registered lobbyists who testified

FAVWestrick, SaraAARP MarylandRegistered for: AARP Maryland
FAVWestrick, SaraAARP MarylandRegistered for: AARP Maryland